Naspers
Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · NPN.JO.
| Prosus (economic) PRX.AS↳ double discount · -36% own NAV | R1033.2B | 98% | |
| Other / private / cash (static, 2026-06) | R19.8B | net debt R1.6B | |
Single-asset: ~98% of NAV is Prosus (which itself trades at a discount to its Tencent-dominated NAV — the famous DOUBLE-discount). The Naspers↔Prosus cross-holding makes a naive direct look-through understate; this uses Naspers' reported ~69% ECONOMIC interest so NAV ties to its own statement (≈ ZAR 1,398/sh, ~−40%). Note: the directly-monetizable Prosus shares are ~43% — the gap is the circular cross-holding.
Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.